bartleby

Concept explainers

Question
Book Icon
Chapter 2, Problem 1RQ
To determine

The main objectives of the estimating department in a construction company.

Expert Solution & Answer
Check Mark

Explanation of Solution

Introduction:

Developing an estimateincludes interactions with large number of people and dealing with a vast data. The estimating team will be able to produce efficient estimate by following well organized estimating procedures.

The main objectives of estimating department in a construction company are as follows.

  • To prepare construction cost estimates that allow the contractor to choose profitable work by competitive bidding process.
  • To check and verify the work which maximizes the accuracy of the estimate.
  • To generate the highest volume of the estimating work with the available resources to maximize the productivity.
  • To ensure that the project is most likelihood of success.
  • To provide a good atmosphere and a cooperative approach to the team within the estimating area that benefits the entire organization.

Conclusion:

Thus, the main objectives of the estimating department in a construction company are described above.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!
Students have asked these similar questions
What are the three degrees of accuracy that are acknowledged in capital cost estimation?
Explain how an estimate is priced in two phases.
Hi, Are you able to put the calculations in an excel showing the results?

Chapter 2 Solutions

MindTap Construction for Pratt's Fundamentals of Construction Estimating, 4th Edition [Instant Access], 2 terms (12 months)

Knowledge Booster
Background pattern image
Civil Engineering
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, civil-engineering and related others by exploring similar questions and additional content below.
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Fundamentals Of Construction Estimating
Civil Engineering
ISBN:9781337399395
Author:Pratt, David J.
Publisher:Cengage,